The Arab Peace Initiative (API), first introduced in 2002, and reendorsed by the Arab League subsequently, offers Israel normal relations with the Arab world following a comprehensive peace agreement on the Palestinian issue. The API calls on Israel to withdraw “from all the territories occupied since 1967, including the Syrian Golan Heights to the lines of June 4, 1967 as well as the remaining occupied Lebanese territories in the south of Lebanon.”
Since the first introduction of the API, much has changed in the region. In addition to the conclusion of the Second Lebanon War and withdrawal of Israeli troops from Southern Lebanon in 2006, civil war has struck and destroyed much of Syria, the Islamic State's rise to influence threatens transnational borders, and Iranian hegemony continues to destabilize regimes from Beirut to Sana'a.
Despite these adverse developments, the shared interests of stability and security between Israel and the Sunni Gulf states have grown tremendously. On the Israeli-Palestinian issue, an agreement based on a land for peace formula alone will not provide Israel with the security guarantees or regional integration that are necessary to forge a lasting, sustainable peace. Against this backdrop of regional unrest, and a weakened Palestinian leadership with an uncertain future, an effort to regionalize the Israeli-Palestinian peace process would be especially opportune.